Arkan Al-Kuwait Real Estate Company K.S.C.P. (KWSE:ARKAN) signed a preliminary contract to sell Property In Hawalli for $6.5 million in cash on April 11, 2016. The transaction will generate net profit of $1.12 million and will be registered in the fiscal year 2016. An unknown buyer cancelled the acquisition of Property In Hawalli from Arkan Al-Kuwait Real Estate Company K.S.C.P. (KWSE:ARKAN) on April 11, 2017.